A few days ago, the China Heavy Machinery Industry Association (hereinafter referred to as the Association) held the third member representative conference and the council of the eighth session jointly online and offline. The latest data released at the meeting showed that last year, the heavy machinery industry achieved operating income of 1.2 trillion yuan, a year-on-year increase of 15.2%; realized a total profit of 66.7 billion yuan, a year-on-year increase of 0.7%. Since 2022, the heavy machinery industry has achieved an operating income of 420 billion yuan, a decrease of 3% from the same period last year; the total profit has dropped by more than 20%.
Jing Xiaobo, executive vice chairman of the China Heavy Machinery Industry Association, said that under the complex and ever-changing development environment at home and abroad, heavy machinery enterprises should respond to risks and challenges, overcome various difficulties, build an industrial foundation, and strengthen the tension of the industrial chain and supply chain and resilience, the industry's economic operation continued to recover steadily, import and export trade reached a record high, high-quality development achieved new results, and the "14th Five-Year Plan" achieved a good start.
The main products are growing and the market is still uncertain
In the past year, the development of the heavy machinery industry has remained stable, and the output of major products has all achieved positive growth. Among them, the output growth rate of metal rolling equipment and cement special equipment has exceeded 15%, and the growth rate of metal smelting equipment has exceeded 10%. The growth rate of equipment and hoisting and transportation machinery is around 3%.
Last year, the heavy machinery industry achieved a total import and export volume of 28.853 billion US dollars, a year-on-year increase of 27.43%. Among them, the export value was 24.36 billion US dollars, a year-on-year increase of 34.60%; the import value was 4.493 billion US dollars, a year-on-year decrease of 1.12%; the import and export surplus was 19.866 billion US dollars, a year-on-year increase of 46.58%. The industry's import and export trade surpassed the historical record in 2008 and reached a new high.
Since the beginning of this year, in the face of the complex and changeable economic environment, rising raw material prices, poor logistics and transportation, rising freight and other factors, the industry's losses have increased. Since 2022, the industry's loss has increased by 4.4 percentage points compared with the previous year, and the loss of loss-making enterprises has increased by 40% year-on-year. The total profit of the industry decreased by more than 20% year-on-year, and the profit rate decreased by 1.3 percentage points compared with the previous year.
In addition, the difficult recovery of accounts receivable has always been a major problem plaguing the development of the industry. Since 2022, industry accounts receivable have increased by 7% year-on-year, and inventories have increased by 9% year-on-year. There is also the challenge of difficult recruitment in the industry. According to the survey conducted by the association, at present, the problems of difficulty in recruiting and loss of personnel in enterprises have always existed. The main reason is that a large number of technical personnel have retired, there is a shortage of skilled workers and technical personnel in the industry, and it is difficult to introduce high-end interdisciplinary talents; the turnover rate of current employees has increased, especially the loss rate of young business backbones and front-line production backbones.
In the first half of 2022, some industries have maintained steady growth, and the output of metallurgical machinery and mining machinery has maintained a growth trend, with a growth rate of more than 5%; the output of material handling machinery has declined, of which cranes have dropped by more than 20%. With the continuous acceleration of the resumption of work and production of enterprises, the continuous flow of logistics and transportation and the supply chain of the industrial chain, the economic operation of the industry has shown positive changes. The operating income of the industry in the first half of the year is basically the same as that in 2021.
The market situation of the heavy machinery industry was relatively good last year. However, due to the sluggish growth of the traditional service market and the lack of new capacity projects, the total market volume of heavy machinery was seriously insufficient, and it became a long-term event with a high probability, which will further intensify the fierceness and nature of market competition. cruelty. Since 2022, due to the impact of the epidemic and other factors, the production and delivery of enterprises have not been smooth, leading to the extension of the delivery period, which has a greater impact on the signing of subsequent orders. According to the association's survey on the order volume of 66 companies, the cumulative order volume from 2022 to the present has increased by 1.7% year-on-year, and the orders of some enterprises have dropped sharply, and the production expectations for the whole year are weak. There are still uncertainties in the import and export trade situation of the industry in 2022.
Have the courage to undertake national tasks and make great contributions to a great country Looking back on the past year, heavy machinery companies have overcome difficulties, seized opportunities, actively responded, bravely undertaken national tasks, and made outstanding contributions to a series of major projects representing "national business cards".
Among the top ten national heavyweights and top ten super projects of central enterprises in 2021, China First Heavy Industry, Second Heavy Equipment, Shanghai Heavy Industry, CITIC Heavy Industry and other enterprises have built "Hualong One" nuclear power units, G50 gas turbines, Shidao Bay high temperature gas-cooled reactor nuclear power plants , the first batch of units of Baihetan Hydropower Station, Sinopec Zhenhai Base and other new equipment development and national defense construction made important contributions; the launch tower produced by Taizhong Group helped the Shenzhou 13 manned spacecraft Long March 2 F Yao 13 carry The rocket took off; CITIC Heavy Industries manufactured special metal castings and forgings for the escape cabin (escape tower) and the supporting engine casing of the Shenzhou 13 manned spacecraft; Erzhong Equipment completed the development of the core components of the "artificial sun", etc. At the same time, heavy machinery enterprises attach great importance to scientific and technological innovation, and have made great contributions to the country and achieved fruitful innovation results.
❖The 350-ton converter tilting thermal load test run of Taizhong Group was successful once. This is currently the largest complete set of converter steelmaking equipment in China, with an annual output of 3.6 million tons.
❖Dalian Heavy Industry successfully developed the world's first 7X82DF crankshaft. The accuracy of the crankshaft's hot-fit dimensional chain has increased by more than 50% compared with the 7G80 crankshaft of the same size, filling the gap in the world.
❖Through independent innovation, Tiandi Technology developed the MSJ5.8/1000/1000 shaft boring machine for the first time, breaking the monopoly of foreign companies.
❖ZPMC independently developed the world's first hydrogen fuel cell tire crane and put it into trial operation, filling the gap in the application of hydrogen energy batteries in the port machinery industry.
❖The first shield machine developed by NHI for Shenyang Metro Line 1 was rolled off the production line smoothly. This shield machine is currently the product with the largest power among shield machines of the same type and level in the world. The localization rate has reached 100%. A new leap forward in China's high-end manufacturing.
❖The 1780mm hot continuous rolling production line of Guangxi Fangchenggang Iron and Steel Base, which was contracted by China First Heavy Industry, successfully rolled a 0.85mm×1280mm steel strip, setting a record for the thinnest thickness of conventional wide-band steel hot continuous rolling products in the industry.
Last year, the heavy machinery industry won 28 China Machinery Industry Science and Technology Awards, including 1 special prize, 2 first prizes, 9 second prizes, and 16 third prizes. The "Key Technology and Engineering Application of 800MN Large Die Forging Press" jointly developed by 9 units including China Erzhong and the General Academy of Mechanical Sciences won the Special Prize of China Machinery Industry Science and Technology.
Incremental contraction in traditional fields Focus on frontier emerging markets
The association predicts that in 2022, the heavy machinery industry will face an economic development situation of "shrinking demand, shocking supply, and weakening expectations". But at the same time, the traditional market of the heavy machinery industry is in a period of shrinking growth, the stock is being optimized and upgraded to high-quality transformation, and emerging markets are gradually being cultivated. Based on a comprehensive analysis, the association is fully confident in the industry's development goal of "seeking progress while maintaining stability" this year. However, considering various factors, the actual growth rate may be lower than last year, and the expected growth rate is about 4%.
As the risk of domestic epidemic spread still exists, overseas macro policies are tightened, and the international political and economic situation is changing, the heavy machinery industry will have challenges as well as opportunities in 2022. foundation, improve product quality and reliability, form a well-known brand, and ensure stable development and steady progress. By strengthening cost management, enhancing market adaptability, and continuously improving profitability and level, it will lay a good foundation for stable development in the future.
The association suggests that enterprises can focus on the core of the world's cutting-edge technology and face the country's major needs, continue to promote the breakthrough of key core technologies, deepen the combination of production, education, research and application, promote the transfer and transformation of scientific and technological achievements, accelerate the upgrading of traditional products, and make breakthroughs in a number of key technologies , especially processes, materials, software, etc., continuously solve the "difficulties", "blocking points" and "stuck necks" of products and major technical equipment, and comprehensively promote the upgrading of the industrial base and the modernization of the industrial chain.
